Agriculture Secretary Francisco Tiu Laurel Jr. said the budget has been approved in principle by President Marcos, with possible funding sources already identified.
Tiu Laurel said he cannot yet disclose the funding source, but he emphasized that there are currently "several" options on the table.
"But for next year, we are almost sure that we can get that P5 billion buffer fund or fund to be able to use in case we have to trigger the price action," he said.
The agriculture chief emphasized that the buffer fund is critical in ensuring stable prices of goods in the market.
He said the mechanism has been legally existing since 1992 but has not been operationalized.
Denne historien er fra September 27, 2024-utgaven av The Philippine Star.
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Denne historien er fra September 27, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
YES, WE CAN BEAT CERVICAL CANCER!
The statistics are alarming. Every two minutes, a woman dies of cervical cancer in countries where access to public health, services and awareness remain a challenge.
Mano po. Ninong, mano po. Ninang
Christmas is in the air. It has been that way since September, and some would say even earlier.
STUBBORN ITCHING
Everyone experiences itchy skin at some point, but when the itch persists, it can become frustrating and overwhelming.
CONFESSIONS OF AN IFBB BIKINI PRO
Last month, Musclecontest Philippines held its National and Pro-League qualifier at Novotel Manila in Araneta City. Two Filipina athletes earned their IFBB Pro Cards: Katherine Hartvigsen in Wellness and Sheen Marie Torres in Women's Bikini.
Design tips for all spaces
While a designer's personal taste is often evident in homes he designs for his clients, Francis \"Nix\" Alañon makes sure it isn't so in his case. He interviews his clients, making sure that their personal tastes are reflected in their homes.
Woman of Taste
She is a walking mannequin of Philippine fashion—not just of haute couture but also of popular wear. The world is her catwalk, and on it she displays the artistry of Filipino designers and artists.
RJ Jacinto, Jose Mari Chan bring Christmas cheer
Street singers or buskers were given an unexpected boost when RJ Jacinto and Jose Mari Chan dropped in and jammed with popular busker, Eloisa, at the Uptown Mall Parade in BGC.
Alamat to showcase respective hometowns in 'Ragasa' concert
Apart from showcasing their musicality at their second solo concert on Dec. 6 at the New Frontier Theater, the members of the P-pop boy group Alamat will also promote their respective hometowns at their forthcoming gig.
MMFF 2024: CRISANTO AQUINO SHARES INSPIRATION BEHIND FRANSETH'S BIG-SCREEN DEBUT
Director Crisanto Aquino was not surprised when a number of netizens compared the resemblance of his romantic film, \"My Future You,\" to similar romantic stories in the past, particularly the Japanese animated fantasy film, \"Your Name.\"
What to stream: Sabrina Carpenter holiday special, 'Beetlejuice Beetlejuice', and Rosé goes solo
Sabrina Carpenter hosting a holiday variety music special on Netflix and Keira Knightley and Ben Whishaw playing a spy and an assassin in the TV series \"Black Doves\" are some of the new television, films, music and games headed to a device near you.
